Karen the Supertrader - TastyTrade Hybrid Experiment

I trade in three different real accounts with different strategies. The trades that I post in this thread are isolated in a $150k paper money account. I do implement most of these trades in my live account, but it depends on what the Greeks are telling me in my other accounts.

More...

How are the trades highlighted or signaled - by the yahoo group or thru your own analysis, or both?

I utilize the Greeks to drive my account. As I looked at my account today, I needed to add short deltas. Thus I sold the short call. I also sold a strangle today.

I don't try to fix my Greeks in one big swoop. I nibble at it each day until I get things in line. I need to add additional short deltas and I hope to do that on up days in the market. Hopefully things will be up again tomorrow and I can sell some more calls.

I utilize the Greeks to drive my account. As I looked at my account today, I needed to add short deltas. Thus I sold the short call. I also sold a strangle today.

I don't try to fix my Greeks in one big swoop. I nibble at it each day until I get things in line. I need to add additional short deltas and I hope to do that on up days in the market. Hopefully things will be up again tomorrow and I can sell some more calls.

More...

Don't get me wrong, as I am no option expert, but I would like to know how the particular trade is highlighted - adjusting deltas by selling an unprotected ES call for max profit of $117, after market falls hard, well, sounds a bit silly to me!

I know you have other trades open, but that is a bad "call" in my books!

Don't get me wrong, as I am no option expert, but I would like to know how the particular trade is highlighted - adjusting deltas by selling an unprotected ES call for max profit of $117, after market falls hard, well, sounds a bit silly to me!

I know you have other trades open, but that is a bad "call" in my books!

J_S

More...

Keep in mind that I know nothing as well. This one trade might very well be a losing trade. But it was put on as just one piece of the larger puzzle.

If the trade is a bad trade, I will close it at a maximum loss of $234.

I'm not looking for each and every trade to be a superstar. If memory serves me, this particular trade was put on with a 80% probability of success. I like those odds.

My calls will be opened either right ATM or slightly OTM. They will be opened in a way and in a design to get maximum anticipated theta. If the market has been very stable with little price action, I may go OTM anticipating the market to be more volatile. If the market has been violently trending, then I tend to go right ATM to counteract the trend.

More...

Hi NPTrader,

One more question if I may, how did your system do during this Brexit time? Thx!

One more question if I may, how did your system do during this Brexit time? Thx!

More...

I am up about 2 percent over the past two weeks. But it is complicated to explain why. I already had in them mine puts and calls. And when the premium was very high I rolled all of my positions and kept all the cash. As the volatility settled down the returns came home.

I am up about 2 percent over the past two weeks. But it is complicated to explain why. I already had in them mine puts and calls. And when the premium was very high I rolled all of my positions and kept all the cash. As the volatility settled down the returns came home.

More...

Thanks a lot! No need to explain why cuz I think I know: years ago there is this guy created a system in FX he calls it Nirvana, I think yours are pretty similar